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Sprint Falls to Levels Below Book Value

In trading on Wednesday, shares of Sprint Corp (Symbol: S)
crossed below their last reported book value - defined as common
shareholder equity per share - of $6.50, changing hands as low as
$5.83 per share. Sprint Corp shares are currently trading down
about 19.7% on the day. The chart below shows the one year
performance of S shares, versus its 50 and 200 day moving averages:

Looking at the chart above, S's low point in its 52 week range is
$5.83 per share, with $11.47 as the 52 week high point - that
compares with a last trade of $5.85.

According to the ETF Finder at ETF Channel, S makes up 3.27% of the
iShares U.S. Telecommunications ETF (Symbol: IYZ) which is trading
lower by about 2% on the day Wednesday.

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